WSJcomBankruptcyBeat

Calumet Photographic Inc., the photography retail chain whose abrupt shuttering and bankruptcy filing surprised customers, has found a buyer for some of its assets.

Puerto Rico’s finance arm hired restructuring lawyers at Cleary Gottlieb Steen & Hamilton LLP, as the troubled island battles a weak economy and perpetual budget deficits, the Wall Street Journal reports.

Dish Network Corp. Chairman Charlie Ergen on Friday sued LightSquared controlling shareholder Philip Falcone, over his handling of the wireless venture’s bankruptcy case. Read the Daily Bankruptcy Review Story via WSJ.

A group of lawyers and marketing professionals had a tough nut to crack: how drum up interest in an abandoned power plant in Hawaii that can turn macadamia shells into energy.

The lawyers are hoping that a multimillion-dollar offer comes in before today’s bid deadline after months of looking for someone who might want the plant.

Brookstone employees hoping to snag an